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McDonald's paid CEO $8.8 million, down 10 percent

McDonald's Corp. gave outgoing CEO Jim Skinner a pay package worth $8.8 million last year, a 10 percent drop from the previous year.

By Candice Choi | Updated on April 13, 2012

NEW YORK (AP) — McDonald’s Corp. gave outgoing CEO Jim Skinner a pay package worth $8.8 million last year, a 10 percent drop from the previous year.

The reduction was largely the result of a lower incentive bonus. A regulatory filing made with the Securities and Exchange Commission shows the world’s biggest hamburger chain gave its top executive a salary of $1.5 million, stock and option awards worth $3.2 million and an incentive bonus of $3.3 million.

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